Discretional Service:
Allows suppliers to operate without liquidity issues, grow their businesses, and accept larger orders.
Smyrna - Revolutionising
Supply Chain Financing
Smyrna's FastPay™ is an innovative financial service that disrupts traditional factoring liquidity solutions for supply chains of large and mid-size corporations and their suppliers. This service is easily implemented, fully automatic, and offers significant benefits to both Buyers and Suppliers within the supply chain.
Highlights
FastPay enables Suppliers to large enterprises ("Buyers") to receive global payments for their invoices within 24 hours after the Buyer's procurement department approves an invoice.
Buyer Benefits:
Buyer Benefits: Buyers create more employment opportunities and enhance financial stability within their supply chain without any additional cost.
Non-disruptive:
Non-disruptive: Operates without offline interaction, maintaining smooth Buyer-Supplier relationships.
Main Features
Seamless Integration:
The Buyer does not need to change their business processes or software systems.
Simplified Supplier Contracts:
Smyrna's primary client is the Buyer, who guarantees the total invoice amount, minimising risk and administrative effort.
Buyer and Supplier Advantages using the Smyrna Solution
Advantages
for the Buyer
Ensures Smooth Deliveries:
Helps suppliers maintain cash liquidity.
Control and Flexibility:
Buyers control which suppliers and invoices are refinanced.
Cost Savings:
Consolidates payables transactions, saving administration and transaction fees.
Innovative Services:
Enhances brand value through supply chain innovation.
Enhanced Brand Value:
Boosts brand value through supply chain innovation and efficient SCF.
Advantages
for the Supplier
Financial Stability:
Ensures smooth delivery flows to the Buyer.
Unlocking Capital:
Frees up capital locked in outstanding invoices.
Flexibility in Usage:
Suppliers choose which invoices to refinance and how often to use the service.
Transparent Fees:
Charged per transaction based on invoice terms, with no additional fees.
Global Reach:
Suppliers in any country can access necessary liquidity if the Buyer is financially strong.
How Does It Work?
Get in touch
Fees & Onboarding
Transaction-Based Fees:
Suppliers are charged a time-value based market rate per sold invoice. No fees if the service is not used.
Net Present Value Payment:
Payment to Suppliers is the net amount after Smyrna's commission.
Onboarding Process:
New suppliers undergo safety checks and confirm Smyrna's terms before transactions.
About Smyrna
Contact &
Support
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